However, the behaviour of consumer depends on some factors. There are number of factors in the study of consumer behaviour which plays important role in buying of any new product or services from the selling firm such as customer income, culture, technology, various types of personal factors.
The responsibilities of the board of directors includes the establishment of the audit and compensation committees. The audit committee is responsible for ensuring that the company's financial statements and reports are accurate and use fair and reasonable estimates.
The audit committee plays a critical role in providing oversight and serving as a check and balance on a companyâs financial reporting system. The committee provides independent review and oversight of a companyâs financial reporting processes, internal controls and independent auditors.It provides a forum separate from management in which auditors and other interested parties can candidly discuss concerns.he committee provides independent review and oversight of a companyâs financial reporting processes, internal controls and independent auditors. It provides a forum separate from management in which auditors and other interested parties can candidly discuss concerns.